Short Interest in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Increases By 51.5%

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 449,700 shares, an increase of 51.5% from the June 15th total of 296,900 shares. Based on an average daily volume of 141,800 shares, the short-interest ratio is presently 3.2 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PESI shares. StockNews.com downgraded Perma-Fix Environmental Services from a “hold” rating to a “sell” rating in a research report on Monday, May 27th. Craig Hallum assumed coverage on shares of Perma-Fix Environmental Services in a research report on Monday, June 3rd. They set a “buy” rating and a $18.00 target price for the company.

Institutional Trading of Perma-Fix Environmental Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PESI. Fermata Advisors LLC purchased a new stake in shares of Perma-Fix Environmental Services in the 4th quarter worth about $90,000. Bailard Inc. purchased a new stake in Perma-Fix Environmental Services in the fourth quarter worth about $249,000. Quadrature Capital Ltd grew its holdings in Perma-Fix Environmental Services by 11.6% in the fourth quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 3,545 shares during the period. Citigroup Inc. bought a new position in shares of Perma-Fix Environmental Services during the third quarter valued at approximately $383,000. Finally, Legato Capital Management LLC raised its stake in Perma-Fix Environmental Services by 37.3% during the fourth quarter. Legato Capital Management LLC now owns 75,031 shares of the industrial products company’s stock valued at $590,000 after buying an additional 20,396 shares during the last quarter. Hedge funds and other institutional investors own 25.52% of the company’s stock.

Perma-Fix Environmental Services Price Performance

NASDAQ:PESI traded up $0.39 during mid-day trading on Friday, reaching $9.29. The stock had a trading volume of 85,906 shares, compared to its average volume of 91,406. Perma-Fix Environmental Services has a one year low of $6.51 and a one year high of $14.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 1.01. The firm has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $9.73. The stock has a market capitalization of $146.69 million, a P/E ratio of -46.45 and a beta of 0.49.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings data on Thursday, May 9th. The industrial products company reported ($0.25) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.25). Perma-Fix Environmental Services had a negative return on equity of 5.82% and a negative net margin of 3.20%. The firm had revenue of $13.62 million for the quarter, compared to analysts’ expectations of $16.40 million. During the same period last year, the firm earned ($0.02) earnings per share.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.